Just In: CBN, MPC Retain Leading Rates to Boost Economic growth

By Stephen Godonu

The Central Bank of Nigeria(CBN) and the Monetary Policy Committee retain key leading rates at 11.5%.

The Monetary Policy Committee has retained key lending rates at 11.5%.

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele  announced this on Tuesday, saying it is part of efforts to boost the Economic growth of the country.

This is coming days after a new report released by the Nigeria Bureau of Statistics, disclosed that Nigeria has slipped into another recession after the economy shrank in the third quarter of this year.

More to come later…..